London Markets: U.K. stocks at 4-month high as government opens up for customs union after Brexit

U.K. stocks edged up Thursday, as traders largely ignored a rally in the pound and instead welcomed reports that Britain plans to stay in the customs union after Brexit.

Betting companies took a beating after a government move to drastically limit bets on certain machines.

What are markets doing?

The FTSE 100 index UK:UKX was up 0.1% to 7,741.74, which would be enough to mark its highest close since Jan. 16, according to FactSet data. A win Thursday would be the index’s third in a row.

The pound US:GBPUSD rose to $1.3510 from $1.3490 late Wednesday in New York.

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